dreamdancer 0 #1 May 25, 2010 not looking good... QuoteThe wider concern is that the austerity being demanded of all economies in Europe will tip them back into recession and thereby cause a new round of conventional bad debts. Liquidity is being withdrawn in anticipation. Just as everyone thought the banking crisis largely over, it threatens to begin anew. The banking crisis helped prompt a sovereign debt crisis, which now threatens to reinfect the banking sector with a secondary bad debt experience. Markets are beginning to believe there is no way out. More worrying still, few if any can afford another round of bank bailouts. At the weekend, Spain was forced to come to the rescue of another of its regional banks, CajaSur. How many more of these overexposed mini-banks will the Government have to bail out, and can Spain’s already stretched public finances afford it? Unsurprisingly, the markets are doubtful. There’s still room for confidence to revive and the problem to go away, at least for the time being. But it’s not looking good, not good at all. http://blogs.telegraph.co.uk/finance/jeremywarner/100005873/sovereign-debt-crisis-threatens-secondary-banking-crisis/stay away from moving propellers - they bite blue skies from thai sky adventures good solid response-provoking keyboarding Quote Share this post Link to post Share on other sites
